U.S. trade policy Archives - LN24 https://ln24international.com/tag/u-s-trade-policy/ A 24 hour news channel Thu, 10 Jul 2025 21:27:10 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://ln24international.com/wp-content/uploads/2021/09/cropped-ln24sa-32x32.png U.S. trade policy Archives - LN24 https://ln24international.com/tag/u-s-trade-policy/ 32 32 Rubio Meets ASEAN Leaders as U.S. Trade Policy Sparks Concern https://ln24international.com/2025/07/10/rubio-meets-asean-leaders-as-u-s-trade-policy-sparks-concern/?utm_source=rss&utm_medium=rss&utm_campaign=rubio-meets-asean-leaders-as-u-s-trade-policy-sparks-concern https://ln24international.com/2025/07/10/rubio-meets-asean-leaders-as-u-s-trade-policy-sparks-concern/#respond Thu, 10 Jul 2025 21:27:10 +0000 https://ln24international.com/?p=25798 U.S. Secretary of State Marco Rubio made his first official visit to Asia this week, attending meetings with Southeast Asian counterparts in Kuala Lumpur. The trip comes amid heightened regional concern over recently announced U.S. tariffs, which have affected multiple countries in the Indo-Pacific.

Rubio participated in a summit with foreign ministers from the Association of Southeast Asian Nations (ASEAN), alongside representatives from Australia, China, Japan, South Korea, Russia, and the European Union. The visit is part of a broader U.S. effort to reaffirm engagement in the Indo-Pacific region and shift attention from other areas where the administration has been heavily involved, such as Europe and the Middle East.

During the meetings, Rubio emphasised that the Indo-Pacific remains a central focus of U.S. foreign policy. He described the region as critical to global development over the coming decades and addressed concerns that Washington may be distracted by other global issues.

However, the recent imposition of U.S. tariffs on eight ASEAN members—as well as on Japan and South Korea—has raised questions about the consistency of U.S. policy in the region. The tariffs, scheduled to take effect on August 1, have been a central topic during Rubio’s discussions.

Japanese Prime Minister Shigeru Ishiba, in public remarks, suggested that Japan should reduce its reliance on the United States in key areas such as defence, energy, and food security, citing growing concerns over trade policies.

Analysts noted that Rubio’s visit aimed to present the United States as a more reliable long-term partner than China, despite current tensions. Some experts pointed out that the timing of the tariff announcements may have complicated that message, as countries received official notice of new duties while diplomatic meetings were taking place.

A former U.S. official now working in international consultancy noted that trade disputes, defence spending demands, and uncertainties around U.S. security commitments have contributed to a strain in relations with key allies, particularly Japan. While the possibility of a trade agreement could help ease tensions, there is recognition that dissatisfaction with U.S. policy is growing among some partners.

Diplomatic Engagements Continue

Rubio also held bilateral talks with Russian Foreign Minister Sergei Lavrov, marking their second face-to-face meeting. He said the discussion included U.S. concerns over Russia’s ongoing actions in Ukraine, and that the U.S. is seeking clearer indications of how the conflict might be resolved.

The Russian Foreign Ministry described the talks as substantive, covering issues related to Ukraine, Syria, and Iran.

Rubio indicated a possible meeting later in the week with Chinese Foreign Minister Wang Yi. In a separate meeting, Wang and Lavrov emphasised increased cooperation between China and Russia, including efforts to support peace in the Middle East and advance diplomatic discussions on Iran’s nuclear program. Wang also pledged China’s support for ASEAN’s implementation of the Regional Comprehensive Economic Partnership (RCEP).

Tariffs and Economic Concerns

The U.S. tariffs have become a central issue in Rubio’s engagements with regional leaders. He acknowledged that the topic was raised repeatedly but stated that it does not define the entirety of U.S. relationships in the region.

He announced that a senior U.S. delegation, including Commerce Secretary Howard Lutnick and Deputy Secretary of State Christopher Landau, will travel to Japan in the coming days for further discussions.

ASEAN, collectively one of the world’s largest economies, relies heavily on exports. So far, Vietnam is the only ASEAN member to secure a revised U.S. tariff rate, lowered to 20% from an initially proposed 46%.

Australia, another major U.S. partner in the region, has also expressed concern over proposed 200% tariffs on pharmaceutical exports to the United States. The Australian government has requested additional details regarding the policy.

During a broader regional session, Malaysian Foreign Minister Mohamad Hasan said Asia is experiencing multiple challenges, including the effects of rising unilateralism and nationalism. He stressed the importance of preserving multilateral cooperation for global stability.

Rubio also met with Malaysian Prime Minister Anwar Ibrahim to discuss economic and technological collaboration. Topics included securing supply chains for critical minerals and ensuring the integrity of AI chip production. Anwar said that tariffs were the first issue discussed and that Rubio pledged to convey Malaysia’s concerns to President Trump.

A draft ASEAN statement, prepared before the most recent tariff announcements, notes concern about rising global uncertainty and the impact of unilateral trade measures, though it does not specifically reference the United States.

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Trump Prepares Major Tariff Expansion with Liberation Day Announcement https://ln24international.com/2025/03/23/trump-prepares-major-tariff-expansion-with-liberation-day-announcement/?utm_source=rss&utm_medium=rss&utm_campaign=trump-prepares-major-tariff-expansion-with-liberation-day-announcement https://ln24international.com/2025/03/23/trump-prepares-major-tariff-expansion-with-liberation-day-announcement/#respond Sun, 23 Mar 2025 19:36:26 +0000 https://ln24international.com/?p=22876

U.S. President Donald Trump is set to announce a sweeping expansion of tariffs on April 2, marking a bold move against long-time trade partners and allies. The tariffs, which Trump is calling “Liberation Day” tariffs, will impose reciprocal trade barriers in retaliation for what he perceives as unfair trade practices and barriers to U.S. exports.

In a statement ahead of the announcement, President Trump singled out several countries for their role in what he describes as “trade abuse.” These countries include the European Union, Mexico, Japan, South Korea, Canada, India, and China. Trump’s move will likely escalate tensions with these nations, many of whom have long enjoyed favorable trade relationships with the U.S.

“This is about fairness,” Trump declared. “For too long, these countries have taken advantage of America’s trade generosity. It’s time for them to pay their fair share. The days of one-sided trade are over.”

The tariffs are set to target a range of goods imported from these countries, and the move is expected to have significant ripple effects across global markets. Trump has made no secret of his desire to use tariffs as a negotiating tool, and the reciprocal tariffs are intended to force these countries to address trade imbalances and open up their markets to American goods.

The “Liberation Day” tariffs represent a major expansion of U.S. trade policy under Trump’s administration. These tariffs are expected to be some of the most aggressive measures taken by the U.S. government in recent years. The announcement follows Trump’s earlier actions on tariffs, including the trade war with China, which focused on intellectual property issues and the trade deficit.

Countries like Mexico, Japan, and Canada, while being traditional allies, have found themselves in Trump’s crosshairs, accused of erecting trade barriers that harm American producers. The European Union, a key trading partner, has also been named for maintaining tariffs on U.S. products, such as agriculture and technology, that Trump believes should be lowered. Even South Korea and India are under scrutiny for practices that Trump claims disadvantage U.S. companies in their domestic markets.

The move could further strain international relationships, particularly with nations that have relied on trade deals and agreements with the U.S. for stability and market access. However, Trump maintains that this is a necessary step to ensure that America gets a fair deal in its economic relationships.

With global supply chains already under strain, the expanded tariffs could result in increased costs for consumers, higher prices for businesses, and potential disruptions in trade. However, Trump’s administration has indicated that these tariffs will be used as leverage to force trade reforms, particularly in terms of reducing tariffs and non-tariff barriers that the U.S. claims are unfair.

As the announcement draws closer, many are watching closely to see how these tariffs will impact the global economy and whether they will lead to retaliatory measures by affected countries. Trump’s Liberation Day tariffs could reshape international trade dynamics, setting the stage for a new chapter in U.S. foreign economic policy.

Stay tuned for more details as Trump’s “Liberation Day” tariffs are unveiled on April 2.

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